IG Markets account funding methods?

Trembling Hand · 15 May 2008

robots said:
trembling hand could you show comparison between spi and aussie 200 or whatever the cfd's call it say 1hr before open and 1hr after close please,

also, they have no obligation to follow/honour anything, this is a contract between you and them with a PDS some 160pgs long,

?? not sure what your asking?

The SPI is closed 1 hour before open.

robots · 15 May 2008

hello,

exactly, yet you see massive movement in numbers during this time

i used to watch it before my very eyes, had to set 400pt stops to not get stopped out

they do as they please

thankyou

robots

Trembling Hand · 15 May 2008

robots said:
hello,

exactly, yet you see massive movement in numbers during this time

i used to watch it before my very eyes, had to set 400pt stops to not get stopped out

they do as they please

thankyou

robots

LOL

robots · 15 May 2008

hello,

i won well to trembling,

found IG were all nice and friendly when you take you're money out once but after that it becomes at there convenience,

took me 10 phone calls and about 2 weeks to get my "winnings", they just wouldnt close, the balance was on the screen always, tempting you!

anyway went to office in St Kilda rd, was amazing to here all these "english" accents at the office, like exerts out of snatch or trainspotting

i then went to tricom futures and found it not much different

keep up the good work

thankyou

robots

NAsX · 17 May 2008

Yes they do sound very friendly on the phone.

Hopefully have some winnings soon to see how everything goes. They do have a 'get payment' function in the platform and a payment cutoff time of 4pm each day - here's hoping I get to use this feature soon

>Apocalypto< · 17 May 2008

NAsX said:
Hi guys,

I've just opened an account with IG Markets. I remeber reading somewhere (not ASF) that you can't fund your account with Citibank credit card, apparently Citbank doesn't allow it.

I've also checked the IG BPay account and they do not accept BPay from a credit card account.

I was wondering does anyone here trade with IG and fund their account with a credit card? If so, which cards/companies allow you to use them with IG as a credit transaction?

Also, whilst I'm on the subject, does anyone know what their ASX200 cash is based on? From what I can see, the Forward pretty much mirrors the SPI200 but not sure what the cash product is based on?

Thanks for reading and any comments appreciated.

Nasx,

All ok, but citi no go as they consider IG gambling as in the UK it's spread betting.

If u make a deposit $200 deposit or under then there is no charge. if u deposit over $2000 or make two deposits in a 24 hour period from the first deposit it will attract a 1.75% charge.

The Australia 200 cash is based on the XJO but they add the liquidity of the spi market to run a night session. just remember it's their index so the price may not always be exactly in line with the xjo. I never saw it that far off.

Yes forward follows the SPI in value but it has a 3 point spread as apposed to 2 points on the cash. both run same hours.

Cheers.

>Apocalypto< · 17 May 2008

robots said:
hello,

exactly, yet you see massive movement in numbers during this time

i used to watch it before my very eyes, had to set 400pt stops to not get stopped out

they do as they please

thankyou

robots

Mate if they really operated like that then they would be out of business. They can't just spike it 100 points to stop u out that crazy talk!

I traded with them for over a year and I never saw anything like that.

>Apocalypto< · 17 May 2008

NAsX said:
Yes they do sound very friendly on the phone.

Hopefully have some winnings soon to see how everything goes. They do have a 'get payment' function in the platform and a payment cutoff time of 4pm each day - here's hoping I get to use this feature soon

Nasx

The banking cut off is 3pm Melbourne time! I found that out the hard way on a couple times!

NAsX · 17 May 2008

Thanks for all your inputs mate.

I too have been a bit wary about the whole CFD and the talks about MM model...etc, but have been following IG closely in the past few weeks and could see that apart from the spread they add, it's pretty much in line with the SPI, and that they are not a MM - well, maybe to a certain extent with the addition of spread.

IMHO, I also don't think they would spike the price for 100 points just to takeout stops - it may be possible, but so far I haven't seen it. Either way, it gives me a starting base in futures with lesser than required fund before I trade the real market.

Cheers.

robots · 17 May 2008

>Apocalypto< said:
Mate if they really operated like that then they would be out of business. They can't just spike it 100 points to stop u out that crazy talk!

I traded with them for over a year and I never saw anything like that.

hello,

thats okay, I saw what happens, done well and got money out of there finally,

thankyou

robots

IG Markets account funding methods?

Trembling Hand

Can be found on the bid

robots

hello

Trembling Hand

Can be found on the bid

robots

hello

NAsX

>Apocalypto<

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>Apocalypto<

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>Apocalypto<

20.03.2012

NAsX

robots

hello

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